National economy on right track due to government’s prudent policies: President

QUETTA, Aug 6 (APP): President Mamnoon Hussain has said the present government, owing to its prudent economic policies, has put the national economy on the right track with all the economic indicators showing positive trends.

He said the country’s foreign exchange reserves have risen to US $ 23 billion which indicates that Pakistan has become one of the emerging markets in the world and fast growing economy.

The President was talking to notables and tribal elders from Balochistan who called on him at the Governor House on Friday evening.

The President said that the government led by Prime Minister
Muhammad Nawaz Sharif with a view to lessen the volume of foreign loans and debts has decided not to take loans from IMF in future.

He said the present government was focussing on making Pakistan economically strong and financially empowered.

The foreign debt of US $ 10 billion out of total US $ 15 billion had been paid back, he added.

The President urged the people to reject the negative propaganda against the government and said the present government should be supported to continue its policies and programmes to strengthen the country.

The President also rejected the baseless propaganda about change in the western route of CPEC and urged the notables to apprise the people about the outcome of pro development policies of the present government, aimed at public welfare and prosperity.

The tribal elders and notables appreciated the government for taking concrete steps for the implementation of China-Pak Economic Corridor (CPEC), which would pave the way for progress and prosperity of the country, particularly Balochistan.